D is for Debt by Michael Hudson

D

Image by chrisinplymouth via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
September 8, 2013

Part D in the .

Debt: Only pure assets and equity ownership exist without corresponding debt. For financial saving, one party’s saving deposit, loan or credit appears as another party’s debt on the opposite side of the balance sheet. (Even net worth appears on the liabilities side of the balance sheet.)

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C is for Camouflage by Michael Hudson

letter C

Image by Leo Reynolds via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
August 10, 2013

Part C in the .

Camouflage: A cloak of artificial attractiveness or even of invisibility. Financial debt-claims on the economy’s income and assets camouflage themselves as wealth, although the financial tactic is to strip it. (See Euphemism and Parasite.)

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B is for Bailout by Michael Hudson

B

Image by chrisinplymouth via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
August 7, 2013

Part B to the .

Bailout: Reimbursement to speculators and savers of losses incurred by bad loans, investments or deposits in banks that fail. The effect of this moral hazard is to preserve financial control in the hands of the economy’s wealthiest 10 percent, “making them whole” by shifting the loss onto the bottom 90 percent of the population in order to benefit those at the top of the pyramid (see Rentier and Oligarchy).

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The Insider’s Economic Dictionary – Part A by Michael Hudson

letter A

Image by Leo Reynolds via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
July 18, 2013

Part A in the .

The Antidote to Euphemism

The fallacies that lurk in words are the quicksands of theory; and as the conduct of nations is built on theory, the correction of word-fallacies is the never-ending labor of Science. … the party in this country, one of whose great aims was, at one time, the perpetuation of slavery, owed much of its popular vote to the name Democracy.
– S. Dana Horton, Silver and Gold (1895)

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